TRENTON — Assembly Democrats this summer will study Gov. Chris Christie’s proposals to cap property tax growth at 2.5 percent cap and his 33-bill “toolkit” to help towns meet it. Assembly Speaker Sheila Oliver (D-Essex) and Majority Leader Joseph Cryan (D-Union) announced today that 12 Assembly Democrats will lead the study of the proposals, and will study some Democratic...
A March 2010 file photo of the Assembly Chamber.TRENTON — Assembly Democrats this summer will study Gov. Chris Christie’s proposals to cap property tax growth at 2.5 percent cap and his 33-bill “toolkit” to help towns meet it.
Assembly Speaker Sheila Oliver (D-Essex) and Majority Leader Joseph Cryan (D-Union) announced today that 12 Assembly Democrats will lead the study of the proposals, and will study some Democratic ideas as well. They billed it as an “in-depth review of bipartisan ideas” and said the lawmakers will hold public hearings on them “at their discretion.”
“This will be an extensive effort over the summer to properly analyze reforms put forth by Democrats and Republicans and develop a real plan of action to bring relief to taxpayers. This is going to be a thorough review that brings smart reform to New Jersey," said Oliver.
Both houses of the Legislature are today expected to vote on a bill capping property tax growth at 2.9 percent – an alternative to Christie’s proposed constitutional cap but with more exceptions that will allow towns to exceed it.
Under Christie’s proposal, the Legislature would have to put the cap on the ballot as a constitutional amendment to be approved by voters. But for Christie's idea to make in on the ballot by November, it would have to clear committees in both houses of the Legislature by July 7.
Previous Coverage:
• N.J. lawmakers are expected to vote on Gov. Christie's budget, property tax cap plans
• Proposed 2.9 percent tax cap, budget bills are set for full N.J. Legislature vote
• N.J. Assembly panel passes 2.9 percent property tax cap
• N.J. lawmakers continue to shore up budget support, quickly pass alternative property tax cap
• Sweeney's 2.9 percent property tax cap plan is approved by N.J. senate committee
• Gov. Chris Christie presses for his N.J. property-tax cap
• Complete coverage of the 2010 New Jersey State Budget